Settings8H · net · $10k
Funding arb · Price arb /

APE

all APE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h −0.001%
Price spread now: Hyperliquid against BloFin+0.115%7-day average +0.090% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.065%+$7 on $10k
Price spread, last 4 days (all we have)−0.224%−$22 · spread now +0.115%, 7d avg +0.090%
Together, before fees−0.159%+ Points / potential airdropHyperliquid: Season 2 · farm board−$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hyperliquid is 0.025% dearer against BloFin than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.090%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin APE-USDT0.14820.0076pay 0.0076% / 8h7h 03m$217K$59K75x
ShortHyperliquid APE0.14840.0100get 0.0013% / 1h3m 04s$1.3M$362K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BloFin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$4.94
Price spread: +0.115% → +0.090%
$2.48
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$13.57
Costs to cover
0.210%
Break-even
26.2 days
Slippage unknown: BloFin: live order book, 54 min ago; Hyperliquid: live order book, 7 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 54 min ago3.41 bp23.6 bp −$2450.6 bp −$506355.8 bp −$35.6Kdoesn't fit
Sell Hyperliquid live order book, 7 min ago1.69 bp17.6 bp −$18doesn't fitdoesn't fitdoesn't fit

APE on 20 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX APE/USD [APE-USDC]L −0.0178% / S +0.0185%1h0.1482+0.030%$1K100xas long as short
Reya APERUSDPERP0.0000%1h0.1235−16.665%as long as short
dYdX APE-USD+0.0030%1h0.1482+0.008%$9K5xas long as short
Injective APE/USDC PERP+0.0033%1h0.1378−7.018%$1K$12K5.5xas long as short
BloFin APE-USDTlong+0.0076%8h0.1482long leg$217K$59K75x
Hyperliquid APEshort+0.0100%1h0.1484+0.115%$1.3M$362K5x
Aster APEUSDT+0.0100%8h0.1482+0.006%$123K$20K10xas long as short
Binance APEUSDT+0.0100%8h0.1483+0.067%$4.2M$7.2M50xas long as short
Bybit APEUSDT+0.0100%8h0.1482+0.007%$3.7M$2.9M50xas long as short
OKX APE-USDT-SWAP+0.0100%8h0.1483+0.081%$1.3M$1.6M20xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate APE_USDT+0.0100%8h0.1482+0.007%$641K$312K50xas long as short
MEXC APE_USDT+0.0100%8h0.1483+0.067%$4.2M$768K50xas long as short
KuCoin APEUSDTM+0.0100%8h0.14820.000%$1.9M$4.2M50xas long as short
Bitget APEUSDT+0.0100%8h0.1483+0.067%$2.1M$588K25xas long as short
BingX APE-USDT+0.0100%8h0.14820.000%$13.0Mas long as short
Variational Omni APE+0.0100%8h0.1483+0.085%$5K$14Kas long as short
Extended APE-USD+0.0104%1h0.1483+0.041%$4K$211K10xas long as short
Kraken Futures PF_APEUSD+0.0352%1h0.1484+0.142%$407K$694K20xas long as short
Deribit APE_USDC-PERPETUAL+0.0425%1h0.1483+0.067%$1K$23K25xas long as short
Coinbase International APE-PERP-INTX+0.1104%1h0.1485+0.202%$100K$8K25xas long as short